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DECISION No

DECISION No. 827/QD-TTg OF SEPTEM-BER 11, 1998 ON THE ESTABLISHMENT OF PHAN THIET INDUSTRIAL PARK IN BINH THUAN PROVINCE AND THE APPROVAL OF THE INVESTMENT PROJECT FOR CONSTRUCTION AND COMMERCIAL OPERATION OF TECHNICAL INFRASTRUCTURE THEREIN

THE PRIME MINISTER

Pursuant to the Law on Organization of the Government of September 30, 1992;

Pursuant to the Regulation on Industrial Parks, Export Processing Zones and Hi-Tech Parks issued together with Decree No.36-CP of April 24, 1997 of the Government;

Pursuant to the Regulation on Investment and Construction Management issued together with Decree No.42-CP of July 16, 1996 and Decree No.92-CP of August 23, 1997 of the Government;

At the proposals of the People's Committee of Binh Thuan province (in Report No.446/UBBT-CNXD of April 24, 1998), and proceeding from the evaluation opinions of the Minister of Planning and Investment (in Report No.4994/BKH-VPTD of July 20, 1998),

DECIDES:

Article 1.- To establish Phan Thiet industrial park in Binh Thuan province.

Phan Thiet industrial park shall be organized and operate under the Regulation on Industrial Parks, Export Processing Zones and Hi-Tech Parks issued together with Decree No.36-CP of April 24, 1997 of the Government.

Article 2.- To approve the investment project for construction and commercial operation of the technical infrastructure of Phan Thiet industrial park, Binh Thuan province, with the following contents:

1. Name of the project: Investment in the construction and commercial operation of the technical infrastructure of Phan Thiet industrial park, Binh Thuan province.

2. Investor: The Binh Thuan Construction Materials and Minerals Company, which is headquartered at 02 Tu Van Tu street, Phan Thiet provincial capital, Binh Thuan province.

3. Objectives of the project: To level ground and build communication, power supply, water supply, information and communications, waste treatment... systems, in order to deal in the infrastructure already created in the industrial park.

4. Construction location: Phong Nam commune, Phan Thiet provincial capital and Ham Lien commune, Ham Thuan Bac (Northern Ham Thuan) district, Binh Thuan province.

5. Land area of the industrial park: 68 hectares which shall be precisely re-determined when land lease procedures are carried out in accordance with the Land Law.

6. Total investment capital: VND 48,281 million.

7. Capital sources: own capital, capital advanced by the investor and borrowed capital.

8. Operation duration: 50 years from the date the investment decision is issued.

9. Construction time: 5 years from the date the land lease decision is issued. In the course of construction investment, the investor shall have to complete all necessary procedures prescribed by the Regulation on Investment and Construction Management.

Article 3.- The Binh Thuan Construction Materials and Minerals Company shall be entitled to partly borrow capital at the preferential interest rate from the State for the construction of infrastructure of the industrial park and enjoy financial preferences according to the Law on Domestic Investment Promotion.

Article 4.- The president of the People's Committee of Binh Thuan province shall have to direct the investor to execute the project in accordance with the current regulations; draw up master plan for development of the infrastructure outside the industrial park's perimeter in compatibility with that inside the industrial park and ensure the efficient operation of the industrial park.

Article 5.- This Decision takes effect 15 days after its signing.

Article 6.- The president of the People's Committee of Binh Thuan province, the Minister of Planning and Investment, the Minister of Finance, the Minister of Construction, the Minister of Defense, the Minister of Industry, the Minister of Science, Technology and Environment, the General Director of the General Land Administration, the Governor of the State Bank, the head of the Vietnam Industrial Parks Management Board, the director of the Binh Thuan Construction Materials and Minerals Company, and the heads of the concerned agencies shall, within their respective functions and powers, have to implement this Decision.

For the Prime Minister

Deputy Prime Minister

NGO XUAN LOC